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8826 State Road 37, Bedford, IN, 47421

3beds
1baths
1,250sqft
$299,900
$240price/sqft
$2,301/moest. monthly cost
$92,040/yrincome needed

About This Home

This 3.56 Acre property on State Road 37 has great potential for a commercial venture or for your next home site. There is a 1250 sq ft limestone home on site that is being vacated along with a 30 x 40 detached garage and both have driveways that are directly off the highway. Great location, beautiful land . . . don't miss this opportunity!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

--
6/10
Mitchell Jr High SchoolGrades 6-85.0 mi
3/10
Mitchell High SchoolGrades 9-125.0 mi

Construction

Condition

  • Year built: 1953

Materials

  • Roof: Shingle
  • Construction materials: Limestone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Washer,Dryer-Electric,Electric Range
  • Laundry features: Main Level

Basement

  • Basement: Crawl Space,Block

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 130

Features

  • Window features: Double Pane Windows
  • Flooring: Hardwood,Other
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,250

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,250
  • Total interior livable area: 1,250 sqft

Kitchen

  • Level: Main
  • Area: 120

Living Room

  • Level: Main
  • Area: 264

Property

Details

  • Parcel number: 471103300026.000004

Features

  • Levels: One
  • Stories: 1
  • Fencing: None

Lot

  • Lot size: 3.56 Acres
  • Features: Rolling Slope,3-5.9999,Rural

Parking

  • Total spaces: 4
  • Parking features: Detached,Gravel
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance *$220$2,640
Property Taxes $381$4,572
Electricity $184$2,212
Total$2,301$27,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,891/yr
40% on housing$69,030/yr
45% on housing$61,360/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$240This listing

vs Other Active Listings

Avg $/sqft

ZIP 47421$132
Lawrence County$128

vs Homes Sold Last Month

Median $/sqft

ZIP 47421$132
Lawrence County$125

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-21Listed for sale$299,900
2025-12-02Listing removed$299,900
2024-08-02Listed for sale$299,900

For Sale by Agent

AgentKaren A Goodwine
BrokerageWilliams Carpenter Realtors

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